Kang Sun Sells 61,251 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 61,251 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $622,310.16. Following the transaction, the director owned 1,342,400 shares in the company, valued at $13,638,784. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kang Sun also recently made the following trade(s):

• On Friday, January 16th, Kang Sun sold 950,548 shares of Amprius Technologies stock. The shares were sold at an average price of $11.07, for a total transaction of $10,522,566.36.
• On Tuesday, January 20th, Kang Sun sold 43,185 shares of Amprius Technologies stock. The stock was sold at an average price of $11.03, for a total transaction of $476,330.55.
• On Monday, January 12th, Kang Sun sold 506,267 shares of Amprius Technologies stock. The stock was sold at an average price of $10.10, for a total transaction of $5,113,296.70.

Amprius Technologies Trading Up 6.1%

Shares of NYSE:AMPX traded up $0.62 on Tuesday, reaching $10.82. 6,076,578 shares of the company traded hands, compared to its average volume of 8,098,249. The stock has a market capitalization of $1.41 billion, a P/E ratio of -41.61 and a beta of 2.98. The business’s 50-day simple moving average is $10.26 and its 200 day simple moving average is $10.43. Amprius Technologies, Inc. has a 52 week low of $1.70 and a 52 week high of $16.03.

Analyst Ratings Changes

Several brokerages have weighed in on AMPX. Cantor Fitzgerald boosted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Needham & Company LLC initiated coverage on shares of Amprius Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $20.00 price target for the company. Craig Hallum began coverage on shares of Amprius Technologies in a report on Monday. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently modified their holdings of AMPX. Quarry LP purchased a new position in shares of Amprius Technologies during the third quarter valued at about $42,000. Jones Financial Companies Lllp boosted its position in Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after acquiring an additional 3,532 shares in the last quarter. Parallel Advisors LLC bought a new stake in Amprius Technologies during the 3rd quarter valued at approximately $54,000. Leonteq Securities AG purchased a new position in shares of Amprius Technologies during the 4th quarter worth approximately $47,000. Finally, Summit Securities Group LLC bought a new position in shares of Amprius Technologies in the 4th quarter worth approximately $54,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.